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Blockchain Solution for Banking


and Finance Industry
Blockchain As a Solution for Banking and Finance Industry

Overview:

Surpassing the Bitcoin trend the blockchain technology is set to revolutionize


the financial services with its deeply researched perks like the increase in
efficiency, promotion of secure and transparent transactions, integration of
innovated automation to speed up business processes, decentralization,
tamper-protection, and non-repudiable, etc.

Blockchain, the public or private ledger that is responsible for storing


information about every Bitcoin transaction and maintaining smart contracts,
today has come up as one of the most influential research topics in the
banking and financial sector.
Blockchain As a Solution for Banking and Finance Industry

Statistics:

There were reported investments of almost half a billion dollars in 2015 by


Venture Capital (VC) firms in the field. In addition to it, there was an
investment of about US $75 million in 2015 by financial institutions in the
blockchain technology field and the investment amount is expected to grow
about five times this value in 2019. BBVA and USAA Bank have reportedly
made investments worth millions of dollars in Coinbase and Circle that are
influential Bitcoin service providers to carry fruitful researches upon the
blockchain applications.
Blockchain As a Solution for Banking and Finance Industry

What is Blockchain Technology?

According to Melanie Swan, Founder of Institute for Blockchain Studies,


Blockchain technology should be thought of as a comprehensive
information technology with tiered technical levels and multiple classes of
applications for any form of asset registry, inventory, economics, and money;
hard assets (physical property); and intangible assets (votes, ideas, reputation,
intention, health data, information, etc.).
Understanding Blockchain in a more literal way-

A blockchain can be defined as a secured yet public distributed database that


is formed by a continuously growing list of blocks that allow peer-to-peer
exchange of information over the database itself in a secured (Tamper-proof),
and non-repudiable way.

Key Benefits of Blockchain Technology For The Financial Sector:

High Security Data Integrity and Consensus

Increased Efficiency of Registry Process Non-repudiability with Effective Tracking

Decentralized Control High Extensibility

Enhanced Privacy Cost-effective Registry Process


Benefits of Blockchain Technology
Financial Businesses Using Blockchain Technology
Anatomy of A Typical Blockchain Transaction
What Endive Software Can Offer You

Blockchain Applications and Solution Development

Blockchain Middleware and Services

Payment Solution Development Bitcoin Wallets

Infrastructure and Base Protocols - Etherium/Hyperledger


Industries We Offer Blockchain Solutions For

Financial Services/Fintech eHR and Healthcare Legal and Compliance

Education Supply Chain Enterprise Blockchain


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Blockchain Solution for Banking


and Finance Industry
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